Wells Fargo Offers Ten Tips Toward a Happy New Year
- Resolve to start saving more
Regardless of your age, it’s always a good time to save. Start the New Year right by setting up automatic transfers from your checking to your savings accounts. Wells Fargo offers an online option to help you plan and save – My Savings Plan®. It’s a free online tool for savings account customers that gives you the ability to set a savings goal – such as paying for a new car – then build your savings toward that goal with automatic transfers from your other Wells Fargo accounts into your goal–assigned savings account. The tool features a progress meter that shows exactly how close you are to reaching your savings goal. It’s also important to get kids in the savings habit early. At Wells Fargo, our new Junior AgentsSM Saver Club can do just that. We also encourage teens and college students to take advantage of the savings account offered with our Wells Fargo Teen CheckingSM and College Combo® accounts.
- Plan for a paycheck once you stop working
Retirement is in everyone’s future. Make sure you know what you’ll need to have the kind of retirement you want. Many financial institutions have online calculators that help you figure out what and how you should be investing. If your employer offers a 401K plan, take advantage of the tax savings by investing in your future on a regular basis.
- Make an appointment with your financial planner
Managing money can be complex, so go to an expert. Most financial services providers have staff trained to help you set and maintain your financial goals. Talk to your planner about your Individual Retirement Account (IRA) especially if you have more than one IRA that you could rollover into a single account.
- Get smart about credit
If you owe more money than you should, think about consolidating your debt. There are tools at your financial services provider to help. For instance, Wells Fargo offers Debt Pay Down Solution®, which customers can use to consolidate high-interest debt and possibly get lower monthly payments through a personal loan. By applying money to the principal of the new loan, you could accelerate the pay-down. Also, look into cash rewards cards to pay off debt, build savings and pay down your mortgage. Visit Wells Fargo’s Smarter Credit Center www.wellsfargo.com\smarter_credit.com for tools and resources that can help.
- Save money and help the environment by banking online
Save postage, time and natural resources by paying bills online and getting your statements delivered electronically. What’s more, studies show that online banking is safer than having paper documents mailed to you. Mobile and text banking are two other ways to be greener. You can pay bills, get alerts about your accounts and stay in touch with your money, all at the push of a button.
- Know what documents to save and store them securely
Your deeds, passports, wills and other key records need to be in a safe place. Wells Fargo has an online way to save copies of important documents so you can access them wherever you are, whenever you need them. Visit www.wellsfargo.com/vsafe to explore the Wells Fargo vSafe® service that lets you safely store and organize electronic copies of your most important educational, financial and personal files — and it’s available 24 hours a day, through Wells Fargo Online®.
- Review your insurance policies annually
Property values, reconstruction costs and your commuting habits can change, so it is important to review all of your insurance policies each year to ensure you have enough protection.
- Inform your insurance agent about major life events
Getting married, welcoming a new baby, sending a child to college and retiring can all impact the insurance you need. Let your agent know when a major life event occurs so your coverage matches your unique situation.
- Make a budget and stick to it
January is a great time to start budgeting. There are easy online tools to help you get started like Wells Fargo’s My Spending Report with Budget Watch. With just two clicks you can create a budget online and monitor your progress throughout the month; with mobile banking, you can access your account balances anywhere and even have alerts sent to you when your balance falls below a set level.
- Learn more because knowledge is power
Knowing more about money and finances can empower you. There are many ways to learn, and www.handsonbanking.com from Wells Fargo can help you on your way. It’s free and available online day or night.
So make a resolution to be financially fit in 2010. Stop by a Wells Fargo store, call the Customer Service Bankers at 800-869-3557 and log on to wellsfargo.com to learn more about savings, budgeting and making sure 2010 is your best year yet.
Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.